Sagar Distillery To Float IPO; Muktinath Capital Appointed as Issue Manager

Sagar Distillery Limited, which is in the process of IPO issuance, on Tuesday, appointed Muktinath Capital as its issue manager.

Representatives of Sagar Distillery Limited and Muktinath Capital signed the agreement letter to confirm the same.

Sagar Distillery is about to float 7.5 lakh unit shares which is equivalent to 15 percent of the issued paid-up capital of the company. The face value of each share is Rs. 100.

The company was established in 2069 BS and maintains a factory in Devachuli, Nawalpur.